Science & Technology
Science and Technology
Science and Technology
Mon, June 21, 2010
Sun, June 20, 2010
Fri, June 18, 2010 Canadian Solar Class Action Expands to Include More Shareholders, Says Hagens Berman
SEATTLE--([ BUSINESS WIRE ])--Hagens Berman announced today class-action lawsuit filed against Canadian Solar, Inc. (NASDAQ:CSIQ) on behalf of investors who purchased the common stock of CSIQ expands its aClass Perioda from May 26, 2009 to June 1, 2010 (the aClass Perioda). The longer Class Period allows more CSIQ purchasers to benefit from the ongoing and in-depth investigation by Hagens Berman.
CSIQ purchasers are encouraged to provide information at [ www.hbsslaw.com/canadian-solar ]. Hagens Berman intends to file a separate suit shortly that will include new and more detailed findings.
The original lawsuits were filed after a June 1, 2010 press release in which the company revealed that the SEC issued subpoenas relating to 2009 sales transactions. The complaints allege that Canadian Solar, Arthur Chien and Shawn Qu made false and/or misleading statements and/or failed to disclose information that made the company's financial statements materially false and misleading at all relevant times.
To serve as a lead plaintiff in this class-action lawsuit, you must move the Court no laterthan August 2, 2010. Any investor who purchased during the Class Period may move the Court to serve as lead plaintiff through counsel of their choice. Investors also may choose to do nothing and remain an absent class member.
If you would like to discuss your legal rights or move to be a lead plaintiff, you may e-mail or call Reed Kathrein, ManagingPartnerof the Hagens Berman San Francisco office, without obligation or cost to you, at 510-725-3000, or by e-mail at [ csiq@hbsslaw.com ]. Hagens Berman also welcomes any information you may have that would advance the investigation.
To learn more aboutHagens Berman, please visit [ www.hbsslaw.com ], or visit ourlaw blog at [ www.meaningfuldisclosure.com ].
About Hagens Berman
Hagens Berman LLP is a shareholder-rights class-action law firm with offices in San Francisco, Seattle, Chicago, Boston, Los Angeles, and Phoenix. Since 1993, HBSS continues to successfully fight for consumer rights in large, complex litigation. More about the law firm and its successes can be found at [ www.hbsslaw.com ].
